UiS Working Papers in Economics and Finance,
University of Stavanger

Abstract: Substantial elements of innovation have been observable during recent years in rig supply, in particular regarding contracts and organisation. This trend has been driven by the fact that rising costs over many years have put profitability under pressure. On the basis of theory and available empirical insights, the paper outlines the conditions where specific organisational and contractual solutions are best suited. Optimum rig procurement will depend in part on whether the oil companies have time-critical drilling targets, the ability and willingness of the parties to bear risk and the purchaser's competence and capacity to manage and follow up procurement.

Keywords: Innovation in the supply and procurement of rig services Rig services; contracts; organisation; innovation

JEL-codes: G34; L60; M10

12 pages, August 1, 2014

Full text files

uis_wps_2014_9_osmundsen.pdf  

Download statistics

• University of Stavanger
• Home page for this series

Questions (including download problems) about the papers in this series should be directed to Bernt Arne Odegaard ()
Report other problems with accessing this service to Sune Karlsson ().

RePEc:hhs:stavef:2014_009This page generated on 2024-09-13 22:17:13.